Daily Trading — Page 984

TTSE: Low activity day

September 11, 2013 by IC Insider.com

Wednesday, 11th September 2013 | In a low trading day, market activity on the Trinidad & Tobago Stock Exchange resulted in trading in 8 securities of which 2 advanced, none declined and 6 traded firm.

Market activity resulted in a volume of 372,425 shares valued at$2,043,195. Trinidad Cement had 310,000 shares changing hands for a value of $604,500 as the stock closed firm at $1.95, Sagicor Financial Corporation had 16,397 shares traded valued at $112,319. Agostini’s contributed 9,246 shares with a value of $159,494, while Scotiabank Trinidad & Tobago added 8,350 shares valued at $584,629, increasing by a cent to end the day at $70.02.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 24,000 shares valued at $516,940. CLICO INVESTMENT FUND remained at $21.54.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator was showing signs of a fluid situation for the market with bids for 2 stocks being higher and 2 stocks having offers lower than their last selling price

FX: Rates slowly slipping

September 10, 2013 by IC Insider.com

Tuesday, 10th September 2013 | There was more selling of the US dollar than the amount purchased by some degree as the selling rate increased by 4 cents, which now seems like the daily rate movement but the buying rates was lower by 22 cents.

US$25.2 million was purchased at an average rate of $101.477 and selling amounted to US$29 million at an average rate of $102.316. C$1.35 million was purchased at $97.155 an increase of 76 cents and selling amounted to C$788,392 at an average rate of 98.85, up 21 cents. £1.867 million was purchased at $158.34, for an increase of 70 cents and selling amounted to £945,289 at an average rate of $161.15 up 54 cents.

Overall the equivalent of US$30.39 was purchased and US$31 47 was sold.

The highest and lowest rates saw moderate changes except for the lowest selling rate for the US dollar which rose $15.33 to end at $99.50. There were no change to the lowest buying rate which remained at $84.17 nor the highest selling rate for the US dollar which remained at $107.86 but the highest buying rate moved down by 77 cents to $103.05.

The highest buying rate for the Canadian dollar remained unchanged at $99.50 but the lowest buying rate inched up by 17 cents to $79.60. The highest selling rate was 21 cents higher than on Monday at $102.61 and the lowest was at $95.70 60 cents higher.

The British pound was 30 cents more for buying at the highest level as it ended at $161.50 and was unchanged at $100 for the lowest buying rate. It was 80 cents more for the highest selling rate, which ended at $168.04 and 40 cents more for the lowest selling rate at $155 at the close.

Image courtesy of Marcus/FreeDigitalPhotos.net

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Light trading

September 10, 2013 by IC Insider.com

Tuesday, 10th September 2013 | In slow and light trading session only 2 million shares worth $12,374,368 traded as 25 companies had activity on the second day of the week. The main indices gained marginally while the junior market fell marginally as 6 stock increased in price and 6 declined.

Main Market| Carreras is finding support around the $47 level and exchanged 14,000 and closed at $47.01 up a cent at the end of the day. Caribbean Cement regained 30 cents that it recently lost as it closed at $2.50 with only 1,000 shares. Desnoes & Geddes 55,000 firm at $4.50; Gleaner Company swapped 81,637 without change at $1.17; Grace Kennedy exchanged 110,000 at 56.75 off 25 cents; Jamaica Broilers Group saw 105,319 trading up to $5.30 gaining 20 cents at the end. Jamaica Money Market delivered 55,259 at $8.40 down 10 cents. Mayberry Investments accounted for 346,095 units and closed firm at $2.60, while Scotia Group had just 25,881 trading at $21.70 for a 39 cents gain.

Junior Market | In today’s trading the junior market, AMG Packaging traded 44,688 firm at $4; Blue Power Group 19,652 units closed at $9.28 off 12 cents; Caribbean Producers 160,000 units closed firm at $2.10; Consolidated Bakeries 5,000 units traded firm at $1.40; Dolphin Cove gained $1 to close at $9 based on 5,000 shares; Lasco Distributors 340,300 units closed at $1.40, down 9 cent; Lasco Financial Services 350,429 units closed at $1.30 down 10 cents and Lasco Manufacturing 242,231 units at $1.60, a 5 cents decrease.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator remains strong on Tuesday with bids for 9 stocks being higher and 5 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: TCL gets big support

September 10, 2013 by IC Insider.com

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Tuesday, 10th September 2013 | Trinidad Cement was the dominant stock on the Trinidad stock exchange accounting for 692,044 shares valued at $1,349,440 as the price held firm at the end of trading at $1.94 cents and seems to have found support at that level.

On Monday, we indicated that Guardian Holdings appears to have bottomed. Today, it posted a small gain of a cent in trading at $14.01 with 11,276 shares valued at $157,879 changing hands and a bid at $14.01 for 6,500 units. Jamaica Money Market Brokers with a volume of 242,200 shares traded for $121,100 remained firm at 50 cents with buying interest remaining in tack. Neal & Massy Holdings contributed 36,622 shares with a value of $2,050,832, as the price remained firm at the end. Sagicor Corporation traded 3,720 units firm at 6.85.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 13,273 shares valued at $285,859 the price remained at $21.54. Angostura Holdings traded a small volume at $9.61 a new 52 weeks high.

Market activity resulted in trading in 12 securities of which 2 advanced, 0 declined and 10 traded firm.

Trading activity on the First Tier Market registered a volume of 1,002,793 shares crossing the floor valued at $4,014,587

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator has strengthened on Monday compared to Friday with bids for 10 stocks being higher with 5 stocks having offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

TTSE: Guardian may have bottomed

September 10, 2013 by IC Insider.com

Monday, 9th September 2013 | Guardian Holdings did not trade but now has a solid bid of 28,887 units at the last traded price of $14 suggesting that the recent sharp fall may have ended. As indicated in our PE Ratio report, the stock at these levels remain a very attractive buy.

There was trading in 11 securities of which 4 advanced, 1 declined and 6 traded firm as 470,117 units traded for a value of $2,587,325.

In actual trading, Angostura Holdings gained 9 cents to end the day at $9.60 with 1,032 units trading. Trinidad Cement was the volume leader with 361,100 shares changing hands for a value of $703,845 as the price fell 5 cents to end the day at $1.95. With an offer of 118,086 units at $1.95 and little in the way of bids, there could be further decline in the price before it hits bottom.

Jamaica Money Market Brokers with a volume of 40,000 shares traded for $20,000 remained firm at 50 cents. Republic Bank traded firm at $110.02 with 2,220 units changing hands; Scotiabank chipped in with 2,062 units at $70.01 for a 1 cent gain; Scotia Investments Jamaica contributed 20,000 shares with a value of $40,991 at it traded up a cent at $2.05; West Indian Tobacco added 3,799 shares valued at $448,280 while trading firm at $118 and looks as if it could climb higher in light of more positive news out of Jamaica on the state of the cigarette market demand. Clico Investment Fund in posting a volume of 33,850 shares valued at $729,220 put on 3 cents to end at $21.54.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator remains weak with a bid for only 1 stock that was higher with 2 with offers lower than their last selling price.

Related posts | T&T PEs: Better buys ahead

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

JSE: Indices up, declining stocks up

September 9, 2013 by IC Insider.com

Monday, 9th September 2013 | The stock market recorded positive moves in the three main indices on the first trading day of the week as Pan Caribbean Financial Services crossed 1,794,816 valued at $38,947,507 and 205,184 units valued at $4.45 million of Scotia Group Jamaica at $21.70 each in early trading. In the end, Scotia Group Jamaica traded 2,085,241 valued at $42.23 million, the price closed at $21.30 off 19 cents in a very slow day’s trading.

The Main Market Index closed at 85,010.18 up 169.49, the All Jamaica Index ended at 85,268.80 for an increase of 298.22 and the Junior Market Index seems to be closing in the 800 points level once more with a rise of 6.91 to end at 791.58. The market closed as 22 stocks traded with 3,350,127 units changing hands at a value of $50.4 million.

Jamaica Broilers gained 10 cents to $5.10 but with only 5,000 units, eyes will be out for this stock on Wednesday as the company is expected to release results for the first quarter of the new fiscal year on Tuesday. Based on the last quarter of the 2013 fiscal year when profits jumped by 114 percent, expectations are that this latest quarter to July should be up strongly primarily based on results from the ethanol operations.

Jamaica Money Market Brokers traded 332,375 units valued at $2.8 million as the price closed firm at $8.50 and Sagicor Life saw only 38,550 shares trading $8.51 for a 1 cent gain. Pan Jam Investments Trust lost 22 cents in a continued sea saw of price movements over several days. Scotia Investments which is back up at over J$32 in Trinidad today, lost 50 cents on the JSE to close at $27 but only 1,000 units traded.

Junior Market | The Junior Market seems to be holding out for a while as investors sense when the market will start to factor in the next set of interim results and starting buying ahead of the release of the results staring in late October. In today’s trading, Access Financial Services 99,250 units traded firm at $8.38; Blue Power Group 14,918 units closed at $9.4 an 11 cents increase; Caribbean Producers 58548 units closed at $2.10; Consolidated Bakeries 21,030 units traded firm at $1.40; Lasco Distributors 147,971 units closed at $1.49, down a cent; Lasco Financial Services 14,450 units closed at $1.40 up 10 cents and Lasco Manufacturing 83,288 units at $1.65 a 5 cents increase.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator has strengthened on Monday compared to Friday with bids for 10 stocks being higher with 5 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

FX: Rates higher but buys more than sales

September 6, 2013 by IC Insider.com

Friday, 6th September 2013 | Although overall buying was more than selling in the forex market, all rates increased for buying and selling of all three main foreign currencies. Buying amounted to $39.97 million while selling was well below, at US$32.35 million.

Authorised dealers bought US$32,773,161 at an average of $101.642 at 21 cents higher than on Thursday and sold US$28,459,081 at an average of $102.231, an increase of 8 cents. For the Canadian, buying amounted to C$1,027,853 at an average of $96.334 as the rate at the end was up 81 cents and they sold C$691,584 at $98.5283 an increase of 98 cents. The total amount of the British Pound purchased was £3,248,021 as the rate was up $1.13 to end at $158.762, while £1,911,264 was sold at an increase of 39 cents to $160.469.

Highs & lows | The highest buying rate for the US dollar is $102.95 an increase of 20 cents over Thursday’s rate, and the lowest buying rate $85.50 or $1.33 more. There was no change in the highest selling rate of $107.86 but the lowest selling rate dropped $2.05 to $84.17.

In the case of the Canadian, the highest buying rate was up $1.15 to $98.85 as the lowest buying rate inched up a mere 8 cents to $78.60. There was no change to the highest selling rate of $101.44 as the lowest selling rate moved up 70 cents to $94.70.

The British Pound saw declines in three of the high and low rates with the highest buying rate falling 87 cents to $160.90 and the lowest buying rate easing 12 cents to $129.36. The highest selling rate dropped sharply by $4.42 to end at $162.50 but the lowest selling rate went up $2.20 to $155.85 at the end of the day.

Filed Under: FX Market, Stock Market Tagged With: Daily Trading, FX Market, Trading Activity

JSE: Advances ahead of declines

September 6, 2013 by IC Insider.com

Friday, 6th September 2013 | Advancing stocks outpaced declining ones for the 4th day running, but volumes remain low even as supplies continue to dwindle for many of the more popular issues. The main indices climbed at the end of trading with the all Jamaica index up 434.93 to 84,970.58 and the main market index up 247.20 to 84,840.69. While the main market indices closed at the second highest levels for the week, the junior market index slipped marginally by 1.74 to 784.67. Investors traded 5.76 million units valued at $30.73 million on a day when 24 stocks traded, 9 stocks advanced to 4 that declined in price.

Post Carreras’ annual general meeting, which was held on Wednesday, buying came in for the stock as it traded 112,924 units valued at $5,262,988 and closed at $47 up $1.50; Caribbean Cement commenced the rebound on Friday with 571,692 units valued at $1,257,722 trading up by 17 cents to close at $2.20; Grace Kennedy did not trade much with 29,204 units valued at $1,645,283 as the price remained firm, at $57; Jamaica Money Market Brokers was the day’s big trade with 2,017,957 units valued at $17,116,815 as the price closed up 49 cents, to close at $8.50. Kingston Wharves added 66,755 to the total and closed firm at $7, the stock seems to be under some selling pressure. Mayberry Investments, 88,385 units resulted in a 5 cents gain as it closed at $2.65. National Commercial Bank continues the fight to move forward as there is a decent gap between buyers and sellers with just 27,255 changing hands to close at $18.55. Sagicor Life chipped in with 59,727 units as the price closed at $8.50 up 23 cents; Scotia Group Jamaica participated in the low volume that traded with just 19,859 units as the price closed at $21.50 for a gain of 24 cents while its sub, Scotia Investments, exchanged a mere 14,494 units but closed up $1.30 at $27.50. Proven Investments 8% accounted for 834,650 trading firm at $5.09 as $4.25 million was invested in it.

Junior Market | The market had good participation from 7 stocks as 8 stocks traded on the final trading day of the week. Caribbean Cream exchanged 343,901 units as the price closed firm at $1.02; Caribbean Producers, fresh from recent full year results which showed a big jump in the last quarter’s earnings is gaining some traction resulting in 214,000 units trading with the price moving up 8 cents to $2.11 at the close; Consolidated Bakeries chipped in with 16,360 units to close firm at $1.40; General Accident 160,632 units resulted in a 2 cents fall in price at the end of trading to $1.75; Lasco Distributors 44,960 units traded but closed at $1.50 off by 10 cents while Lasco Financial Services had a busy day with 1,009,433 units trading as the price gave up 5 cents at the close $1.30 at the end. Lasco Manufacturing 69,386 units as the price gained 5 cents at $1.60 at the end.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator has weakened somewhat and shows that bids for 5 stocks were higher with 4 stocks having offers lower than their last selling price.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, JSE Company, Trading Activity

TTSE: 2 new 52 weeks highs, one low

September 6, 2013 by IC Insider.com

Friday, 6th September 2013 | The amount of money invested in stocks on the Trinidad & Tobago Stock Market climbed over Thursday’s low level resulting 13 securities changing hands of which 4 advanced, 3 declined and 6 traded firm. Trading levels remain low with just 185,122 units valued at $3,361,803.

Main trades | The main traded stocks include, Guardian Holdings with 23,038 units for a value of $322,532 as the stock, which has been under selling pressure of late, dropped a $1 to close at $14, a new 52 weeks low but making it vastly more attractive than a few weeks ago. Jamaica Money Market Brokers which traded high volumes in Jamaica, delivered only 20,000 shares valued at $10,000. Neal & Massy Holdings contributed 10,300 shares with a value of $576,700 as the price closed up a cent at $56; Sagicor Financial had 4,600 units which closed firm at $6.85; while Trinidad Cement added 9,900 shares valued at $19,753 as the price slipped further to close at $1.98 but there were 25,000 units on offer at $1.95 and no bids at the close.

West Indian Tobacco with a small 57 shares gained 95 cents to end the day at $118.00. Clico Investment Fund, which continues to be quite liquid, had 108,160 shares valued at $2,326,572 trading as the price remained firm at $21.51.

New highs | Agostini’s traded 1,000 units and closed 25 cents higher at $17.25 for a new 52 weeks high; Prestige Holdings also made a new 52 weeks high when it traded 420 units gained 5 cents to $9.40.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that there were no bids for stocks that were higher with 3 stocks having offers lower than their last selling price.

Filed Under: Stock Market, TTSE Market Tagged With: Daily Trading, Trading Activity, TTSE

FX: Buying greater than sales

September 5, 2013 by IC Insider.com

Thursday, 5th September, 2013 | In today’s forex trading, authorised dealers bought US$26.3 million and sold US$23.68 million as the selling rate for the US dollar fell slightly while the buying rates eased up a few cents. The Canadian selling rate fell and the buying rate rose as the Pound selling rate went up and the buying rate fell.

Authorised dealers bought US$21,039,750 for 10 cents more than on Wednesday’s rate at $101.433 and sold US$20,414,335 at 2 cents less at $102.154. Dealers bought C$1,022,519 at $95.5248 which is 31 cent higher than the closing rate on Wednesday and sold C$783,534 at $97.5485 at 55 cents less. The amount of Pound sterling bought was £2,632,515 at $157.6334 costing 25 cents less than Wednesday’s rate and the amount sold was £1,316,063 at $160.075 at 26 cents more.

The highest buying rate for the US dollar was $102.75 down 25 cents while the currency was bought as low as $84.17, the same rate as the day before. The selling selling high of $107.86 remained unchanged and the selling low at $86.22 for a $2.18 increase.

The highest buying rate for the Canadian dollar was $97.70, up 20 cents and sold as low as $78.52, up 17 cents. Selling was as high as $101.44 reflecting an increase of 22 cents and as low as $94.00, down 65 cents.

The highest buying rate for the Pound sterling was 161.77 up $1.57 and as low as $129.48 down $5.81. Selling was high as $166.92 up $4.76 and sold as low as $153.65 down 50 cents.